Gold made an aggressive price correction on Friday, where is the direction now?
Looking at the Fibonacci retracement you can see that the gold stopped at the indicator's resistance at 0.78 and immediately corrected to 0.61.
The most realistic possibility is that the gold will range from $ 1550 to $ 1685
The recommendation is to buy but if the gold breaks the above support line see this signal as canceled
Target: $ 1685
Looking at the Fibonacci retracement you can see that the gold stopped at the indicator's resistance at 0.78 and immediately corrected to 0.61.
The most realistic possibility is that the gold will range from $ 1550 to $ 1685
The recommendation is to buy but if the gold breaks the above support line see this signal as canceled
Target: $ 1685